Top stories of NETA Auto in 2023

In 2023, NETA Auto, the Chinese new energy vehicle maker under HOZON Auto, experienced a significant product breakthrough, introducing four new models: the NETA GT, a two-door, four-seater pure electric sports car; the 2024 NETA S; the NETA AYA and the NETA X riding on the Yunhe Platform.

Besides expanding its product portfolio, NETA Auto actively pursued financing throughout the year, achieving a comprehensive self-developed and self-produced closed-loop system. Additionally, NETA extended its global footprint by entering markets such as Malaysia, the UAE, Costa Rica, Jordan, and Indonesia.

NETA L; photo credit: NETA Auto

Gasgoo conducted a year-end review of key carmakers, offering you a retrospective on the pivotal events that unfolded for NETA Auto in 2023.

NETA Auto, L.K. Technology join hands to develop 20,000+ tonne die-casting machine

On December 15, NETA Auto inked a strategic cooperation agreement with L.K. Technology, one of the largest turnkey service providers for plastic injection molding machine & die casting machine in the world, according to a post on NETA Auto's WeChat account.

Bangkok Bank issues standby letter of credit to NETA Auto

On December 4, Bangkok Bank witnessed a significant milestone by issuing the group's first global green standby letter of credit (SBLC) to NETA Auto, according to a press release from the Chinese new energy vehicle (NEV) maker. The funds from this financing loan project will be channeled into the new energy vehicle industry, said NETA Auto.

NETA Auto, DCH Motors to co-introduce NEV models in Hong Kong in 2024

On December 1st, NETA Auto and the Hong Kong-based automobile dealer Dah Chong Hong Motors (DCH Motors) held a signing ceremony, officially marking the commencement of their collaboration. This partnership signifies a major milestone as both parties commit to introducing NETA Auto' key models to Hong Kong in 2024, with a shared dedication to propelling the development of the NEV market in the region.

NETA Auto completes assembly of first right-hand-drive EV in Thailand

On November 30, NETA Auto (Thailand) Co., Ltd., in collaboration with its partner Bangchan General Assembly Co., Ltd. ("BGAC"), announced the assembly of its first right-hand-drive electric vehicles in Thailand, the NETA V-II, has been completed in the country with the significant vehicle rolling off the production line.

NETA Auto announces foray into Latin American market

On November 24, NETA Auto officially announced its foray into the Latin American market, marked by a grand unveiling event in Costa Rica where the NETA U and NETA V models were officially launched. Following their market debut, NETA Auto's products are set to be available for comprehensive sales across Costa Rica.

NETA Auto introduces Shanhai Platform 2.0 at Auto Guangzhou 2023

On November 17th, at the Auto Guangzhou 2023, NETA Auto introduced its cutting-edge Shanhai Platform 2.0, showcasing advancements across platform, architecture, comfort, intelligence, and core components. The automaker said this platform boasts six major advantages: high safety, intelligence, scalability, individuality, accessibility, and environmental friendliness.

NETA Auto starts comprehensive vehicle sales in Indonesia

On October 24, NETA Auto announced that the comprehensive sales of its products has begun in Indonesia, with the NETA V as its inaugural model hitting the local market with a price tag of 3.79 billion Indonesian Rupiah.

NETA Auto introduces 'Yunhe' platform, puts NETA X compact SUV onto market

On October 18, the NETA X, a fire new compact SUV model under NETA Auto, hit the market with four trim levels offers, featuring a price range of 126,800 yuan to 146,800 yuan.

NETA Auto signs agreement with BNP Paribas for cooperation in auto financing field

On October 12, NETA Auto and BNP Paribas, the prominent French bank, sealed a deal in Shanghai by signing a memorandum of understanding (MoU), forming strategic collaboration in the field of automotive finance, according to a post on NETA Auto's WeChat account.

CATL, NETA Auto cement strategic cooperation

On October 7, CATL and NETA Auto signed a strategic cooperation agreement to further strengthen their collaboration in the new energy vehicle (NEV) industry, according to press release from both parties.

First mass-produced NETA X SUVs roll off production line

The first mass-produced units of the NETA X, a fire new SUV model of NETA Auto, has rolled off the assembly line, the automaker announced on October 7 via its WeChat account. The model is expected to hit the market later this month, with deliveries to begin upon its market release.

NETA Auto, NEVC to build three joint labs

On September 15th, the National New Energy Vehicle Technology Innovation Center ("NEVC") and NETA Auto signed a strategic cooperation agreement, marking the official unveiling of jointly established testing laboratories. These facilities include a vehicle performance joint testing lab, an automotive-grade chip testing and certification joint lab, and a digital scenario testing lab.

NETA Auto unveils exterior concept design of NETA X SUV

On September 6, NETA Auto unveiled the concept design of its latest SUV model, officially naming it NETA X. This new addition is expected to cater more to a youthful demographic, with its design language embracing various sporty elements favored by young consumers.

NETA Auto bags 7 billion yuan in crossover round

NETA Auto announced on Aug. 29 the completion of its crossover round, which raised for the company a total of 7 billion yuan. However, the company did not disclose further details of the transaction.

NETA Auto unveils five innovative technical products under ‘Haozhi’ tech platform

In a tech-infused showcase on August 21st, NETA Auto unveiled its visionary "Haozhi Strategy 2025," spotlighting a technology platform labeled "Haozhi Technology Brand 2.0."

NETA Auto to deploy Dassault Systèmes’ DELMIA APRISO solution in vehicles, component factories

NETA Auto on August 10 inked an agreement with the global software company Dassault Systèmes for the strategic cooperation in the fields like the digital transformation of intelligent manufacturing, according to NETA Auto's press release.

NETA Auto announces foray into Indonesian market

NETA Auto on August 10 announced its foray into the Indonesian market with its three models, namely, the NETA S, the NETA U-II, and the NETA V, making their debut at the GIIAS (GAIKINDO Indonesia International Auto Show) 2023.

NETA AYA SUV hits market to replace NETA V

On August 3, NETA Auto put its new "five-seater spacious intelligent all-electric SUV", the NETA AYA, onto the market. As the successor to the NETA V, the NETA AYA comes in four trim levels with prices ranging from 73,800 to 88,800 yuan.

2024 NETA S hits market, starting at 159,800 yuan

NETA Auto put the annual refreshed version of the NETA S, the 2024 NETA S, onto the market on July 20. Coming with six trim levels, the new model features a prices range from 159,800 to 269,800 yuan.

NETA Auto forges strategic partnership with global tech distributor AVNET

In mid-July, AVNET, a leading global technology distributor and solutions provider, and NETA Auto signed a strategic cooperation framework agreement in Shanghai, according to a press release from AVNET. According to the agreement, both parties will leverage their respective core strengths to deepen and elevate the collaboration in the field of NEVs, forming a long-term, stable, win-win strategic partnership.

NETA Auto announces foray into Jordanian EV market

NETA Auto continues to expand its global footprint. On June 8, the carmaker officially made its debut in Jordan, launching and delivering its NETA U and NETA V models in the country.

NETA Auto hits 300,000-unit vehicle production mark

On May 30, NETA Auto saw its 300,000th mass-produced vehicle roll off the production line, according to the company's press release.

NETA Auto celebrates inauguration of global headquarters

NETA Auto inaugurated its global headquarters in late May, which is located in the Putuo District of Shanghai.

In addition to serving as the central hub for strategic planning, resource allocation, decision-making, coordination, and guidance of the company's global operations, NETA Auto's global headquarters also encompasses four key functions, namely, the flagship experience center, the intelligent R&D center, the data center, and the service center.

NETA Auto announces foray into Malaysian market

In early May, NETA Auto made its debut at Malaysia's largest auto show, announcing its official foray into the country’s auto market. It made NETA Auto the first Chinese NEV startup to tap the Malaysian market, according to a post on the company’s WeChat account.

HOZON Auto's NETA GT electric sports car goes on sale

NETA Auto saw its first electric sports car, the NETA GT, go on sale on April 18 at the Auto Shanghai 2023.

NETA Auto ships 3,600 NETA Vs to Thailand

NETA Auto set sail for overseas market with a single-batch shipment of up to 3,600 NETA V battery electric vehicles (BEVs) leaving Guangzhou Nansha Port on March 21, according to a post on NETA Auto’s WeChat account.

NETA Auto, HiRain team up on intelligent EV development, core tech research

NETA Auto on March 15 inked an agreement with Beijing Jingwei Hirain Technologies Co., Inc. (“HiRain”), a leading Tier 1 solutions provider for the Chinese automotive market, to carry out the extensive cooperation on the development of intelligent electric vehicles, core technology research, etc.